Air France warning adds to sector woe

Air France-KLM issued a stark profits warning on the 26 March 2009 and disclosed it had fallen into loss in the current financial year to the end of March 2009.

The news emphasised sharply deteriorating financial fortunes of the global airline industry.

IATA: Press Release, 24.3.09: Grim Prospects - Deep Recession, Bigger Losses http://www.iata.org/pressroom/pr/2009-03-24-01.htm

Air France: Press Release, 26.3.09: Update on activity for financial year 2008-09 http://corporate.airfrance.com/index.php?id=communiques_detail&tx_ttnews[tt_news]=4442&L=1&no_cache=1

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